Category Archives: Saving
5 High-Speed Tips to Boost Your Savings Goals
Do you struggle to save? If so, you’re not alone. According to a survey from GoBankingRates, only 5% of Americans have $10,000 – $20,000 in their savings account. Add in inflation and student debt, and sticking to a savings goal is becoming harder. However, even setting aside a minimal amount each month can go further than… (read more)
Posted In: Saving
How a 529 Plan Could Help You Save for Higher Education
May 29th is National 529 Plan Day. In celebration, Nichole Coyle, CERTIFIED FINANCIAL PLANNER™, breaks down the details of a 529 plan and the advantages and disadvantages of using one to save for education expenses. You may have heard the stats – Americans owe nearly $1.75 trillion in student loan debt, spread out among about 43 million… (read more)
Posted In: Saving
5 Reasons a Budget Might be Wrong for You
While countless financial articles advise keeping a monthly budget, many people don’t find budgets to be an effective way of managing money. In fact, a survey from Gallop shows that only 1 out of 3 Americans have a structured budget. A budget is typically a very smart idea if you tend to overspend or are… (read more)
Posted In: Saving
Teaching Financial Literacy During National Credit Union Youth Month, Part 2
In honor of National Credit Union Youth Month, we’re back with part two in our series about youth financial literacy. This week, certified financial planner™, Nicole Coyle, shares tips to get your teens participating in their financial future. Want tips for younger kids? Check out last week’s post here. Financial Literacy for Tweens and Young… (read more)
Teaching Financial Literacy During National Credit Union Youth Month, Part 1
Welcome to part one of the National Credit Union Youth Month blogs! Every April, credit unions around the country celebrate this month as a way to get kids involved in finances. Over the next two weeks, Nichole Coyle, Certified Financial Planner™, explains how to get your kids excited about saving and budgeting. Teaching children about… (read more)
Posted In: Saving, Sparky's Kids Club, Tips For Managing Finances
How Covid-19 Has Affected Women’s Financial Health
Over the past two years, we have seen many things shift and change as a result of the COVID-19 pandemic. One of the more dramatic effects of all these changes has been the impact on women’s financial health. Since the early phase of the pandemic, women were more likely than men to lose or leave… (read more)
Posted In: Saving, Tips For Managing Finances
Sinking Funds, A New Way to Save
Most people have never heard of a sinking fund. Typically you start with a savings account. Next, you add a checking account which is typically used to pay bills and other expenses. Savings accounts often serve as an emergency fund that is rarely touched. Others use it as a revolving account where money is often… (read more)
Posted In: Saving, Tips For Managing Finances
Why It’s a Good Idea to Have Vacation and Holiday Club Accounts
When’s the last time you went on vacation. Go ahead. Think about it for a minute. We’ll wait. If you can’t remember, (thanks COVID!) then you probably need to get away. Of course, if the funds in your savings account are low, perhaps due to Christmas shopping, you may want to open vacation and holiday… (read more)
Posted In: Saving, Tips For Managing Finances
The Best Way to Prepare if Financial Disaster Hits
No one likes to think about catastrophes and emergencies. Still, preparing for financial disaster is important. If you don’t, it could cause irreparable harm to your current and future finances. Guest blogger Nichole Coyle, CERTIFIED FINANCIAL PLANNERTM, shows you how to prepare if an unexpected financial disaster occurs. 1. Create an Emergency Fund If you… (read more)
Posted In: Guest Blog, Saving
6 Money Apps for Teens to Save Cash
It’s 2022, and it’s time to save more! Whether you are saving for college or trying to make some extra cash for something special, check out these 6 apps that can help you pinch some pennies. 1. Bigwords Price: Free Available: iPhone Bigwords is an app that scans multiple online retailers and finds the cheapest textbooks…. (read more)
